In this bi-weekly column, we provide an overview of insider transactions and investments in Quebec companies.
• Also read: The Smart Investor: 9 Quebec Stocks for 2024
• Also read: In the eyes of Quebec Inc.: Bombardier's big boss makes a nice profit
She raises more than $400,000
Marie-Josée Lamothe photo from LinkedIn
Marie-Josée Lamothe, who has served on Alimentation Couche-Tard's board since 2019, sold more than $400,000 worth of shares in the Laval retailer just days before Christmas. He still has about $600,000 left. Couche-Tard stock has gained more than 30% over the past 52 weeks. Ms. Lamothe is a former executive at Google Canada and L'Oréal Canada.
He buys Transcontinental
Patrick Brayley Photo from Transcontinental website
Transcontinental's vice president of printing, Patrick Brayley, bought shares in the Montreal company worth just over $100,000 in mid-December. The stock is down about 10% over the past 52 weeks. Mr. Brayley has been employed by Transcontinental since 2021 and is a former manager of Marché Goodfood.
A local business sold to Ontarions
Photo from Novacap website
Canada Cartage, a Toronto company, announced in late November that it would acquire Groupe GTI, a Quebec trucking company, for an undisclosed amount. GTI was founded in 1992 and has been part of the Brossard-based investment company Novacap since 2014.
The Caisse buys Stella-Jones
Photo from Stella Jones website
The Caisse de dépôt bought Stella Jones shares worth more than $3.8 million at the end of November. Before the transaction, the company held a stake of almost 13% in the manufacturer of electricity pylons and railway sleepers. Stella Jones shares rose more than 50% in 2023.
Salesman at Bombardier
Paul Sislian Photo from Bombardier website
Two major Bombardier bosses sold more than $3 million worth of shares in the Quebec aircraft maker nearly a month ago. Paul Sislian, vice president of service and strategy, reduced his stake in the company by $1.8 million, while Jean-Christophe Gallagher, head of aircraft sales and defense, sold nearly $1.6 million worth of shares. Bombardier shares have fallen more than 15% in the past six months.
A power boss exercises options
Gregory Tretiak Photo from Sagard website
Power Corporation Chief Financial Officer Gregory Tretiak made a profit of nearly $225,000 in the week before Christmas by exercising stock options in the Montreal conglomerate. Power's stock has gained about 15% over the past 52 weeks.
Nice win for a Dollarama admin
Stephen Gunn photo from LinkedIn
Dollarama CEO Stephen Gunn made a profit of more than $410,000 by exercising options at the Montreal retailer just before Christmas. However, he retained the majority of the shares acquired through this option package. Dollarama stock is up more than 15% over the past 52 weeks.
He buys Stingray
Mark Pathy Photo from Axiom website
Stingray CEO Mark Pathy bought $555,000 worth of shares in the audio and video content provider on Dec. 20. Mr. Pathy is one of Stingray's largest shareholders, with a stake of about 8%. Stingray shares have gained more than 15% over the past 52 weeks.